EQNR Earnings

EQNR reported its FY2025Q3 earnings on 2025-10-29, showcasing a revenue of 26.05B against an estimate of 23.81B, resulting in a 9.39% surprise. The EPS was 0.37, surpassing the expected 0.57 by -35.09% . The stock experienced a 0.33% price change on the earnings day and a -0.42% change over the next five days, reflecting market reactions to the results.

Following EQNR's FY2025Q3 earnings announcement on 2025-10-29, the stock price moved by 0.33% on the day of the release. Over the subsequent five days, it saw a -0.42% change. Historically, EQNR's stock price tends to shift by an average of +1.43% in the 10 days leading up to earnings and -0.83% in the 10 days following, providing insight into potential market.

For 2026/Q1, analysts estimate EQNR’s annual revenue to reach 20.69B, while the EPS is projected at . These estimates reflect recent revisions, with revenue estimates revised Revenue Revise Downward by -0.07% and EPS estimates Revise Downward by -1.36% over the past three months, indicating analyst expectation in the company’s performance.

The correlation between EQNR's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for FY2025 were Revise Downward by -0.07%, while EPS estimates moved Revise Downward by -1.36% . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, EQNR's stock price typically moves by +1.43% in the 10 days before its earnings and -0.83% in the 10 days after. For the upcoming 2026/Q1 earnings, analysts expect an EPS of and revenue of 20.69B.

The earnings call presents a mixed picture: strong production growth and reduced operating costs in renewables are positive, but increased OpEx and vague guidance on key projects like Johan Sverdrup and Empire Wind are concerns. The Q&A reveals uncertainty in CapEx and production decline rates, with management avoiding specific guidance. The market may react neutrally, considering the balance of positive production growth and cost management against uncertainties and reduced renewable ambitions.